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BRUSSELS— The European Union on Thursday launched an antitrust case against six major U.S. movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-television market in Europe. The EU's executive Commission has sent a so-called statement of objections to the companies regarding what it says...

NEW YORK— Rapper 50 Cent, ranked by Forbes as one of hip-hop's five richest artists, downplayed his wealth on Tuesday as he testified in court about his finances, business deals and the media attention surrounding his recent bankruptcy filing. The multiplatinum-selling artist, born Curtis Jackson III, appeared in Manhattan state Supreme Court in a proceeding...

July 20- From T-Rex to Yoda, Hasbro has its toy cupboard full for the next two years. While Mattel has struggled to boost flagging sales of its iconic Barbie dolls, Hasbro's tie-ups with movie studios have been a money-spinner for the Monopoly board game maker. The narrowing gap between the top two players reflects in their stock prices: Mattel has lost a third of its...

July 17- Video streaming service provider Hulu is exploring plans to add an advertisement-free option to its service for a monthly subscription of about $12- $14, the Wall Street Journal reported. Hulu is a joint venture owned by Comcast Corp's NBCUniversal, 21st Century Fox Inc's Fox Broadcasting, and Walt Disney Co's ABC. Representatives of Hulu, Walt Disney,...

NEW YORK, July 16- A U.S. judge ruled on Thursday that online television service FilmOn X LLC should be treated like a traditional cable system in order to transmit the programs of the nation's broadcasters over the Internet. District Judge George Wu in Los Angeles said in his ruling that FilmOn X is entitled to a compulsory license under the Copyright Act to...

Mattel is in the middle of a turnaround as its Barbie dolls have fallen out of favor with young girls, who are increasingly turning to interactive electronic toys and tablets. Sinclair is working to streamline the toymaker's brand portfolio and has increased spending on advertising and made marketing efforts more effective, which has worked in Mattel's...